Specific real estate situation

[Bet_to_Nguyen]

For someone considering buying a condo in Atlanta, GA, built in the 1970s in the $155k range (2bd/2bath)[location is excellent, exterior is good, interior is excellent]: what are the implications of being surrounded (within 1/2 mile) by new townhomes and condos being built currently/have been built in the last 10 years that are going for $250k-$330k?

Are these likely to appreciate much? Likely to be bought out? What's your opinion on buying in this scenario if you currently rent the condo and it is only 1.5 miles from your job (been there 1.5 years) that you plan on being at for 2 more years at least?

As far as financials, this condo is affordable to me; not easily affordable nor "will barely be able to make ends meet" affordable, but affordable.

Thanks for reading!